WASHINGTON – The New Hampshire Health and Education Facilities Authority appears to be the first student loan issuer to withdraw from the Internal Revenue Service’s voluntary closing agreement program to settle a tax law dispute over some of the $135.4 million of adjustable-rate education loan revenue bonds it issued in 2011.

The VCAP withdrawal was disclosed in an event notice the authority filed on the Municipal Securities Rulemaking Board’s EMMA system on July 1. The New Hampshire Higher Education Loan Corp., which used the bond proceeds for student loans as the conduit borrower, was referred to as the corporation in the notice. 

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.